Oil hits highest levels in more than a week after Libyan plants start closing
Two big oilfields shut down after forces loyal to the Libyan National Army close pipeline
20 January 2020 - 07:33
Tokyo — Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, setting the stage for crude flows from the Opec member to be cut to a trickle.
Brent crude futures were up 74c, or 1.1%, to $65.59 by 5.31am, having earlier reached $66.00 a barrel, the highest since January 9. The West Texas Intermediate contract was up 58c, or 1%, at $59.12 a barrel, after rising to $59.73, the highest since January 10...
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